A lot of people are asking about the Sterlingcoin(SLG) Spacedrop and rightfully so. It is a new form of distribution. It is a hybrid of both an 'airdrop' & 'faucet' into one fast moving current of the new currency.

An "Airdrop" for those who don't know is when cryptocurrencies are distributed to a specific group of people.

Where our "Airdrop" is different and what makes it a "Spacedrop" is anyone with a valid SLG wallet address can enter and get an amount of SLG. The Sterlingcoin Spacedrop is our effort of making an "Airdrop" that everyone can participate in. We didn't want to make anyone feel "left out" just because of their geographic location. The Sterlingcoin team wants the distribution of SLG everywhere, not only in any one specific target area.

The Sterlingcoin Spacedrop is like the traditional "Airdrop" if you live in the United Kingdom. It is true that residents of the UK & British Isles will still get 'preferential treatment'. This is because the UK & British Isles are the epicentre of Sterlingcoin. We have strong roots running from the United Kingdom that are going to help SLG hit the ground running harder then any other new coin has. This is why we do need a higher density of distribution within the UK & British Isles.

I'm so freaking excited for this coin but the launch is still so far away

Yeah, I'm pretty pumped about this one too! One of the best pre launches and "preparing for launch" coins I have seen. Impressive development during a pre launch period for sure!

I look at the actual launch time a bit different now though......if this much can happen from these guys in a few short days during pre launch, I can't wait to see what all has developed when it does actually launch.......over a month left for them to keep building this before going public. I guess that's the exciting part in this thread:-)

Thank you everyone for the positive feedback AND negative feedback. We (Sterlingcoin) want to hear your thoughts and opinions on everything so feel free to at any time. I will be posting soon all the current projects I am working on for Sterlingcoin so everyone can see what's going on as it is being developed. I look forward to seeing everyone on release day mining and trading away. Keep checking the thread daily as we will have updates for you.

Quote from: hazryder on August 05, 2014, 11:36:01 PMI'm so freaking excited for this coin but the launch is still so far away Sad

Yeah, I'm pretty pumped about this one too! One of the best pre launches and "preparing for launch" coins I have seen. Impressive development during a pre launch period for sure!

I look at the actual launch time a bit different now though......if this much can happen from these guys in a few short days during pre launch, I can't wait to see what all has developed when it does actually launch.......over a month left for them to keep building this before going public. I guess that's the exciting part in this thread:-)

Very interesting!!

Keep checking back as there will be more good news on its way shortly.

Sterlingcoin - The cryptocurrency of and from the UK & British Isles for the world: http://Sterlingcoin.org.ukSLG: SVCBaYnhFxqqgULfCLJFezzLTvXpPmhsZz

QuoteI am really looking forward to this coin and I will support it anyway I can. I will also try get the coin merchants when it launches. Good Show!How do you guys feel Cryptos will do in the UK?

The UK is absolutely perfect for a cryptocurrency to succeed.

High-speed broadband up to 150MBits in most areas going to around 1MBits in the worst areas. Also there are so many free wifi connections within cities and towns that connection to the Internet is no longer an issue.

The concentration of shops and close proximity of these shops to residential areas make it easy for 90% of the population to "pop to the shop quick" which seems to not be an option in countries such as America.

Also because of the HMRC ruling cryptocurrencies tax free and void of VAT (Value Added Tax) or Sales Tax as Americans know it as. This is the most appealing factor to any merchant to accept any cryptocurrency in the UK as Value Added Tax is at 20%. Unlike America where it ranges state-to-state at a low of 5% and to a high of 9.6%.

Sadly the UK is one of the highest taxed countries in the world and this is more of a reason to embrace crytocurrencies and blockchain technologies.

The government’s position on cryptocurrencies has been somewhat ambiguous, although the UK has managed to attract a number of bitcoin businesses. Besides HMRC’s tax guidance, there has been little in the way of a comprehensive regulatory initiative.

In June, the UK’s Financial Conduct Authority (FCA) announced a project dubbed Project Innovate with the aim of ensuring “positive developments”, such as bitcoin, are supported in the region. A representative from the FCA said the regulatory agency has yet to determine its stance on digital currencies.